SE16 3LN Posted September 4, 2019 Share Posted September 4, 2019 Every greedy ***** that bought their council house should be forced to live on the streets for five years so they can experience the misery they caused. Quote Link to comment Share on other sites More sharing options...
Sexton Hardcastle Posted September 4, 2019 Share Posted September 4, 2019 6 minutes ago, SE16 3LN said: Every greedy ***** that bought their council house should be forced to live on the streets for five years so they can experience the misery they caused. Don’t think you can quite blame them. The Tory Government, yes. Things will only get worse when the Scottish government does away with intentional homeless decisions. Open gates for everyone to rack up rent arrears, abandon houses and start again. Local connection is already open season. Quote Link to comment Share on other sites More sharing options...
Mikey1874 Posted September 4, 2019 Share Posted September 4, 2019 25 minutes ago, Diadora Van Basten said: That’s not my experience at all nearly all tenancies are ended by tenants. For landlords void periods are expensive so they prefer to keep tenants for the long term. These stats in article back that up https://news.rla.org.uk/costs-down-tenancy-length-up-in-the-private-rented-sector/ Quote Link to comment Share on other sites More sharing options...
jake Posted September 4, 2019 Share Posted September 4, 2019 6 hours ago, Governor Tarkin said: I went against the advice of my letting agent last week and froze the rent on my flat for the fifth year running. Last month I replaced the washing machine as the tenants have added baby Rahim to their family and the last one was a bit old and probably not up to the increased workload. The extractor fan in the bathroom is getting replaced as we speak and a new shower will be going in over the next week or so. Some scumbag filthy capitalist pigs are actually good guys. Trouble is mate a lot are not. Quote Link to comment Share on other sites More sharing options...
Diadora Van Basten Posted September 4, 2019 Share Posted September 4, 2019 (edited) 46 minutes ago, SE16 3LN said: Every greedy ***** that bought their council house should be forced to live on the streets for five years so they can experience the misery they caused. A family member I know had the opportunity to buy their parents council house at a massive discount but didn’t because it would have upset another socialist family member. When the parents died the house went back to the council who rented it out to junkies whose behaviour forced the neighbors next door who had lived their for 40+ years to move. Edited September 4, 2019 by Diadora Van Basten Quote Link to comment Share on other sites More sharing options...
Bridge of Djoum Posted September 4, 2019 Share Posted September 4, 2019 20 hours ago, Thommo414 said: See I actually read your original post and dare I even say empathised with it a little bit. I'm glad to hear you're not exploiting people and charging what is actually a decent rate given the area. And no, it wouldn't be particularly fair to have it sold from underneath you. Should I have called all landlords "scum"? Probably not but whats done is done I suppose. As I outlined in my original post however, I'm literally paying for this place 3 times over but yet I know I won't get anything cheaper where I can raise a family (and that includes downsizing) unless I move out to some backwater shitehole which still won't even be that much different. My situation might colour my judgement on this subject but it just riles me to see what some of these pricks are getting away with. Rather than rail on people who did well enough for themselves to buy somewhere and rent it out at a fair price, why don't you try improve your circumstances, study, get a promotion etc? I'm a landlord and according to you i'm a ''scumbag''. Nah, mate. I worked hard all my life to buy and sell property to put myself and my family in a comfortable position. Of course what I should have been doing was getting angry, calling folk names, not having the drive to get on in life, then gob off on JKB. Quote Link to comment Share on other sites More sharing options...
Thommo414 Posted September 4, 2019 Share Posted September 4, 2019 12 minutes ago, Bridge of Djoum said: Rather than rail on people who did well enough for themselves to buy somewhere and rent it out at a fair price, why don't you try improve your circumstances, study, get a promotion etc? I'm a landlord and according to you i'm a ''scumbag''. Nah, mate. I worked hard all my life to buy and sell property to put myself and my family in a comfortable position. Of course what I should have been doing was getting angry, calling folk names, not having the drive to get on in life, then gob off on JKB. See I'd actually like to get to the bottom of this. I'm willing to have a reasonable discussion with you but I won't share any more personal information on a public thread. I've tried addressing you directly but that avenue seems to be closed for whatever reason Quote Link to comment Share on other sites More sharing options...
superjack Posted September 4, 2019 Share Posted September 4, 2019 In a couple of years we'll be looking to buy a second property, possibly in edinburgh. Daughter starts uni next year and due to the cost of renting, it will be far cheaper buying a 3 bedroom flat and renting out the other 2 rooms. Depends where she goes though, edinburgh university is her first choice, heriot watt her second choice (will be at the campus in Gala). Not too much of a problem in Gala, renting. Quote Link to comment Share on other sites More sharing options...
TheOak88 Posted September 4, 2019 Share Posted September 4, 2019 14 hours ago, Jamboelite said: I have a flat we rent to a mate, he covers the equivalent of the mortgage and insurance and nothing more. I saved my ass off to have a new deposit for our family home so i could retain my flat as a pension/nest egg. So for someone to tell me that all of that means they can force me to sell at a reduced price afterall that sacrifice **** OFF. There are other ways to go about it, not all landlords have extensive portfolios some are just hard working people investing in property for their long term future. Like Cade pointed out, there is a bigger picture outside of your nest egg to be considered. Quote Link to comment Share on other sites More sharing options...
Bridge of Djoum Posted September 4, 2019 Share Posted September 4, 2019 4 hours ago, Thommo414 said: See I'd actually like to get to the bottom of this. I'm willing to have a reasonable discussion with you but I won't share any more personal information on a public thread. I've tried addressing you directly but that avenue seems to be closed for whatever reason Fair enough. I’m not sure what addressing directly means but I’m open to a reasonable debate. Maybe be we could take “scumbag” off the table. Quote Link to comment Share on other sites More sharing options...
Thommo414 Posted September 4, 2019 Share Posted September 4, 2019 32 minutes ago, Bridge of Djoum said: Fair enough. I’m not sure what addressing directly means but I’m open to a reasonable debate. Maybe be we could take “scumbag” off the table. I tried to send a private message in order to avoid potentially derailing the thread. I'll accept the scum comment was wrong and I'll apologise for any offence caused to yourself and the others on here that have pulled me up for it Quote Link to comment Share on other sites More sharing options...
Bridge of Djoum Posted September 5, 2019 Share Posted September 5, 2019 12 hours ago, Governor Tarkin said: I went against the advice of my letting agent last week and froze the rent on my flat for the fifth year running. Last month I replaced the washing machine as the tenants have added baby Rahim to their family and the last one was a bit old and probably not up to the increased workload. The extractor fan in the bathroom is getting replaced as we speak and a new shower will be going in over the next week or so. Some scumbag filthy capitalist pigs are actually good guys. In 7 years I’ve raised the rent £100. I’ve replaced all the appliances in the kitchen, relaid a bedroom floor, had the whole place painted, replaced the locks, also had a new boiler fitted. Im a capitalist scumbag of the worst kind. Quote Link to comment Share on other sites More sharing options...
Bridge of Djoum Posted September 5, 2019 Share Posted September 5, 2019 43 minutes ago, Thommo414 said: I tried to send a private message in order to avoid potentially derailing the thread. I'll accept the scum comment was wrong and I'll apologise for any offence caused to yourself and the others on here that have pulled me up for it I’ll clear my inbox. Quote Link to comment Share on other sites More sharing options...
Governor Tarkin Posted September 5, 2019 Share Posted September 5, 2019 6 hours ago, Bridge of Djoum said: In 7 years I’ve raised the rent £100. I’ve replaced all the appliances in the kitchen, relaid a bedroom floor, had the whole place painted, replaced the locks, also had a new boiler fitted. Im a capitalist scumbag of the worst kind. Clearly. When the revolution comes it'll be the wall for us. Quote Link to comment Share on other sites More sharing options...
Cade Posted September 5, 2019 Share Posted September 5, 2019 Nobody is saying that every Landlord is a problem Landlord. The private rental market is in a shambles and there are far too many bad Landlord out there without enough regulation or punishments to go with it. Then we have the government using taxpayer's money to inflate both the prices of housing AND actual rents themselves. It's a toxic environment for far too many tenants. Or course there are responsible, sensible, ordinary people who let small portfolios of homes at reasonable rates and don't mind long-term tenancies. Any coming regulation would just force bad Landlords to act in the same manner. Quote Link to comment Share on other sites More sharing options...
Governor Tarkin Posted September 5, 2019 Share Posted September 5, 2019 3 hours ago, Cade said: Any coming regulation would just force bad Landlords to act in the same manner. Something we all should welcome. Quote Link to comment Share on other sites More sharing options...
Governor Tarkin Posted September 5, 2019 Share Posted September 5, 2019 12 hours ago, TheOak88 said: Like Cade pointed out, there is a bigger picture outside of your nest egg to be considered. Like pensioners living in poverty because they were forced to cash in their provision for below market value. Quote Link to comment Share on other sites More sharing options...
TheOak88 Posted September 5, 2019 Share Posted September 5, 2019 1 hour ago, Governor Tarkin said: Like pensioners living in poverty because they were forced to cash in their provision for below market value. Not sure what point you are making? Quote Link to comment Share on other sites More sharing options...
IronJambo Posted September 5, 2019 Share Posted September 5, 2019 14 hours ago, TheOak88 said: Like Cade pointed out, there is a bigger picture outside of your nest egg to be considered. Not as far as an individual is concerned. Some people simply don't understand that if you don't go out and do it for yourself then nobody will do it for you. Being a wage slave for life isn't everyone's cup of tea and those that strive for more and push themselves to do better within the confines of the law shouldn't be knocked. Sod depending on employment to get on in life. Quote Link to comment Share on other sites More sharing options...
Governor Tarkin Posted September 5, 2019 Share Posted September 5, 2019 10 minutes ago, TheOak88 said: Not sure what point you are making? For years folk have been encouraged to provide for their own futures and not to rely soley on the state. For lots of folk their little 'nest egg' will be what puts food on the table in their later years. Quote Link to comment Share on other sites More sharing options...
Diadora Van Basten Posted September 5, 2019 Share Posted September 5, 2019 I disagree that the PRS needs more regulation. I would say that it is actually over regulated and this has caused rents to rise as landlords have moved over to short term let’s that are under regulated. Quote Link to comment Share on other sites More sharing options...
N Lincs Jambo Posted September 5, 2019 Share Posted September 5, 2019 13 minutes ago, Diadora Van Basten said: I disagree that the PRS needs more regulation. I would say that it is actually over regulated and this has caused rents to rise as landlords have moved over to short term let’s that are under regulated. Correct. This plus the fact that short-term or "holiday lets" such as you see on Air BnB don't attract the taxation of mortgage interest payments which George Osborne introduced a few years ago. I have always thought that the motive behind this was to bankrupt the smaller BTL players so that multi-millionaires and billionaires like Osborne and his cronies could hoover up their repossessed properties at auction at a fraction of their true value. The mortgage companies who let these properties be sold at auction after repossession in many cases do not place a reserve on these properties at auction and will go after the previous owner for any shortfall. One thing the Tories have not been is a friend of the Private Rented Sector. Quote Link to comment Share on other sites More sharing options...
Bridge of Djoum Posted September 5, 2019 Share Posted September 5, 2019 12 hours ago, Governor Tarkin said: Clearly. When the revolution comes it'll be the wall for us. Nah... I'll be using my private army, funded by the proceeds of my vile empire to protect me. Quote Link to comment Share on other sites More sharing options...
Thommo414 Posted September 5, 2019 Share Posted September 5, 2019 18 hours ago, Bridge of Djoum said: I’ll clear my inbox. I've tried sending again but nothing doing I'm afraid. So once again, apologies for my previous comments and if we could, I'd quite like to draw a line under it? Quote Link to comment Share on other sites More sharing options...
Tynieman Posted September 5, 2019 Share Posted September 5, 2019 (edited) On Wednesday, September 04, 2019 at 19:33, Bridge of Djoum said: Rather than rail on people who did well enough for themselves to buy somewhere and rent it out at a fair price, why don't you try improve your circumstances, study, get a promotion etc? I'm a landlord and according to you i'm a ''scumbag''. Nah, mate. I worked hard all my life to buy and sell property to put myself and my family in a comfortable position. Of course what I should have been doing was getting angry, calling folk names, not having the drive to get on in life, then gob off on JKB. You're making money by letting out somewhere to a person(s) who, in all likelihood can't afford to buy. It's not about how hard you work, it's how you make money. I don't think the previous poster deserved your reaction Many feel what you do is wrong. It doesn't mean to say you're a bad person. It's all about making money when in fact the whole property situation needs looked at. Edited September 5, 2019 by Tynieman Quote Link to comment Share on other sites More sharing options...
Cade Posted September 5, 2019 Share Posted September 5, 2019 Of course hard work and effort is to be applauded when getting yourself on or up the ladder. Just be careful not to kick it out from under the next people. Quote Link to comment Share on other sites More sharing options...
Governor Tarkin Posted September 5, 2019 Share Posted September 5, 2019 5 minutes ago, Cade said: Of course hard work and effort is to be applauded when getting yourself on or up the ladder. Just be careful not to kick it out from under the next people. Nonsense. Someone has to pay for my cocaine and hooker habit. Quote Link to comment Share on other sites More sharing options...
Bridge of Djoum Posted September 5, 2019 Share Posted September 5, 2019 3 hours ago, Thommo414 said: I've tried sending again but nothing doing I'm afraid. So once again, apologies for my previous comments and if we could, I'd quite like to draw a line under it? Of course, mate. Quote Link to comment Share on other sites More sharing options...
Bridge of Djoum Posted September 5, 2019 Share Posted September 5, 2019 3 hours ago, Tynieman said: You're making money by letting out somewhere to a person(s) who, in all likelihood can't afford to buy. It's not about how hard you work, it's how you make money. I don't think the previous poster deserved your reaction Many feel what you do is wrong. It doesn't mean to say you're a bad person. It's all about making money when in fact the whole property situation needs looked at. Utter nonsense. I charge very fair rent with the idea of keeping the same tenant there, making my life easier. I could charge a fair bit more but I’m a fair guy. Perhaps they could save the money I do not choose to charge them and put it towards a deposit. I grew up 6 of us in a one bedroom council house. We had **** all. I managed to buy my 1st place at 19. I’m proud that I’ve worked my arse off to be where I am. No one gave me a thing, it’s all earned. I appreciate there are problems across the board but it’s really not my issue. I’m not part of the problem. Paid every penny of tax, fair and square, served in the military, paying income tax despite not being in the UK for the best part of 7 years. Im the bad guy, though. Hilarious stuff. Quote Link to comment Share on other sites More sharing options...
Jamboelite Posted September 5, 2019 Share Posted September 5, 2019 On 04/09/2019 at 23:28, TheOak88 said: Like Cade pointed out, there is a bigger picture outside of your nest egg to be considered. So what i should take the hit for the bigger picture??? Or maybe i shouldnt be penalised for sacrificing and saving to provide a better future for my kids and there be a better solution. Just a thought. Quote Link to comment Share on other sites More sharing options...
TheOak88 Posted September 5, 2019 Share Posted September 5, 2019 23 minutes ago, Jamboelite said: So what i should take the hit for the bigger picture??? Or maybe i shouldnt be penalised for sacrificing and saving to provide a better future for my kids and there be a better solution. Just a thought. I am alright Jack type attitude. Quote Link to comment Share on other sites More sharing options...
Tynieman Posted September 6, 2019 Share Posted September 6, 2019 (edited) 6 hours ago, Bridge of Djoum said: Utter nonsense. I charge very fair rent with the idea of keeping the same tenant there, making my life easier. I could charge a fair bit more but I’m a fair guy. Perhaps they could save the money I do not choose to charge them and put it towards a deposit. I grew up 6 of us in a one bedroom council house. We had **** all. I managed to buy my 1st place at 19. I’m proud that I’ve worked my arse off to be where I am. No one gave me a thing, it’s all earned. I appreciate there are problems across the board but it’s really not my issue. I’m not part of the problem. Paid every penny of tax, fair and square, served in the military, paying income tax despite not being in the UK for the best part of 7 years. Im the bad guy, though. Hilarious stuff. You're using any rational debate and taking it personally. I don't think anyone had indicated you're a bad guy. My feelings towards the subject is this, the majority of renters are just as hard working as you. Unfortunately for various reasons they are unable to start on the property ladder, never mind climb it. Here's a thought, and it's only a thought, if you're being so fair - why don't you build into the rent, a clause that the renters are buying a % of the property with the money they give you as rent payments? This way, they are buying into something which allows them to start of property ladder, which makes sense considering they are in reality, simply paying for you to own the property ouright as it stands. Can you honestly say that's correct morally? More often than not (I'm not saying this is the scenario in your example btw, as I don't know, but suspect it will be), rent is dearer than mortgage payments so not only is the landlord (who are more often than not, dispicable in my expexperience), making a profit on a monthly basis, but said landlord still gets 100% if and when they chose to sell. Essentially owning something someone else has paid for. By putting a clause (or making it into law) that allows the tennant to buy into property by paying rent, so that when the landlord comes to sell, the landlord won't gain all the profit for something they've not paid for, but by using somebody else's money (in the sense that the tennant is actually paying the mortgage). Otherwise, it is just greed. It's another tale of the poorest paying the highest, simply to live. Edited September 6, 2019 by Tynieman Quote Link to comment Share on other sites More sharing options...
John Gentleman Posted September 6, 2019 Share Posted September 6, 2019 (edited) On 05/09/2019 at 09:43, Bridge of Djoum said: In 7 years I’ve raised the rent £100. I’ve replaced all the appliances in the kitchen, relaid a bedroom floor, had the whole place painted, replaced the locks, also had a new boiler fitted. Im a capitalist scumbag of the worst kind. Seriously, what sort of net yield are you achieving in % terms? I ran through the numbers for a potential property here in Adelaide (and Oz has negative gearing) and the best yield I could possibly extract from the rental market was around 3.5%. The only real plus would've been some future capital gain on the sale of the property, but since house prices have been going backward here at a rapid clip, that was a no-goer. So I put the money into my (tax exempt) superannuation fund in a 'stable' (low risk) investment profile instead. I earned 8.6% net in the financial year just gone (to end June). In the 3 months since, it's tracking at 1.90% (annualised ~7.6%). Edited September 6, 2019 by John Gentleman Quote Link to comment Share on other sites More sharing options...
TheOak88 Posted September 6, 2019 Share Posted September 6, 2019 19 hours ago, Governor Tarkin said: For years folk have been encouraged to provide for their own futures and not to rely soley on the state. For lots of folk their little 'nest egg' will be what puts food on the table in their later years. I am all for people taking responsibility for their own pension provision where they can, but BTL owners are a major contributing factor to the housing crisis which is trapping other people in the rental market. So although it may help some have a comfortable pension, it is broadly at the expense of other people’s pension as they will struggle to ever be a home owner. Creating a 2 tier system like that of people who own several homes and others who own none is not a healthy direction for society. Quote Link to comment Share on other sites More sharing options...
superjack Posted September 6, 2019 Share Posted September 6, 2019 1 hour ago, TheOak88 said: I am all for people taking responsibility for their own pension provision where they can, but BTL owners are a major contributing factor to the housing crisis which is trapping other people in the rental market. So although it may help some have a comfortable pension, it is broadly at the expense of other people’s pension as they will struggle to ever be a home owner. Creating a 2 tier system like that of people who own several homes and others who own none is not a healthy direction for society. Surely a major part of the problem is local authorities not building enough houses? If they were building enough housing, private landlords would not have the opportunity to over charge as there will be plenty of houses rented out at a reasonable rate? I'm sure I remember reading somewhere that when the right to buy scheme was launched, it was up to the local authorities to re invest the money back into further house building. What happened though was the cash was used elsewhere, this creating the shortfall in social housing. As I said, I can't remember where I read this. Quote Link to comment Share on other sites More sharing options...
Mikey1874 Posted September 6, 2019 Share Posted September 6, 2019 6 minutes ago, superjack said: Surely a major part of the problem is local authorities not building enough houses? If they were building enough housing, private landlords would not have the opportunity to over charge as there will be plenty of houses rented out at a reasonable rate? I'm sure I remember reading somewhere that when the right to buy scheme was launched, it was up to the local authorities to re invest the money back into further house building. What happened though was the cash was used elsewhere, this creating the shortfall in social housing. As I said, I can't remember where I read this. Councils weren't allowed to spend the right to buy money on building more houses. These restrictions have only recently been removed in England. Scottish councils, apart from the odd scheme eg Edinburgh Pleasance have only started building council houses again in the last few years nearly 40 years on. Quote Link to comment Share on other sites More sharing options...
Governor Tarkin Posted September 6, 2019 Share Posted September 6, 2019 (edited) 1 hour ago, TheOak88 said: I am all for people taking responsibility for their own pension provision where they can, but BTL owners are a major contributing factor to the housing crisis which is trapping other people in the rental market. So although it may help some have a comfortable pension, it is broadly at the expense of other people’s pension as they will struggle to ever be a home owner. Creating a 2 tier system like that of people who own several homes and others who own none is not a healthy direction for society. Hate the game not the players. Someone has to bear the burden and it's not going to be the state. Having grafted my arse off to drag myself into this position (with an equal measure of good fortune and good judgement along the way), I'm not too enthusiastic about the thought of having to give it up. Edited September 6, 2019 by Governor Tarkin Quote Link to comment Share on other sites More sharing options...
Bridge of Djoum Posted September 6, 2019 Share Posted September 6, 2019 6 hours ago, Tynieman said: You're using any rational debate and taking it personally. I don't think anyone had indicated you're a bad guy. My feelings towards the subject is this, the majority of renters are just as hard working as you. Unfortunately for various reasons they are unable to start on the property ladder, never mind climb it. Here's a thought, and it's only a thought, if you're being so fair - why don't you build into the rent, a clause that the renters are buying a % of the property with the money they give you as rent payments? This way, they are buying into something which allows them to start of property ladder, which makes sense considering they are in reality, simply paying for you to own the property ouright as it stands. Can you honestly say that's correct morally? More often than not (I'm not saying this is the scenario in your example btw, as I don't know, but suspect it will be), rent is dearer than mortgage payments so not only is the landlord (who are more often than not, dispicable in my expexperience), making a profit on a monthly basis, but said landlord still gets 100% if and when they chose to sell. Essentially owning something someone else has paid for. By putting a clause (or making it into law) that allows the tennant to buy into property by paying rent, so that when the landlord comes to sell, the landlord won't gain all the profit for something they've not paid for, but by using somebody else's money (in the sense that the tennant is actually paying the mortgage). Otherwise, it is just greed. It's another tale of the poorest paying the highest, simply to live. You want me to gradually sign over my place to renters? Are you for real? Quote Link to comment Share on other sites More sharing options...
Bridge of Djoum Posted September 6, 2019 Share Posted September 6, 2019 1 hour ago, Governor Tarkin said: Hate the game not the players. Someone has to bear the burden and it's not going to be the state. Having grafted my arse off to drag myself into this position (with an equal measure of good fortune and good judgement along the way), I'm not too enthusiastic about the thought of having to give it up. Your hard work should be given away and your children made to struggle. My my avatar has never been so apt. Quote Link to comment Share on other sites More sharing options...
TheOak88 Posted September 6, 2019 Share Posted September 6, 2019 2 hours ago, superjack said: Surely a major part of the problem is local authorities not building enough houses? If they were building enough housing, private landlords would not have the opportunity to over charge as there will be plenty of houses rented out at a reasonable rate? I'm sure I remember reading somewhere that when the right to buy scheme was launched, it was up to the local authorities to re invest the money back into further house building. What happened though was the cash was used elsewhere, this creating the shortfall in social housing. As I said, I can't remember where I read this. Its not about building more council houses that will be owned by the local authority. It will help a bit but the goal is to help more young people 18-35 year olds move into home ownership. Quote Link to comment Share on other sites More sharing options...
TheOak88 Posted September 6, 2019 Share Posted September 6, 2019 2 hours ago, Governor Tarkin said: Hate the game not the players. This is the same attitude exhibited by celebrities when they use creative accounting so as not to pay proper taxes. Or big multinationals like Starbucks using loop holes to domicile themselves in obscure countries to avoid paying their fair share. It’s not a great outlook to have. Quote Link to comment Share on other sites More sharing options...
The Fonz Posted September 6, 2019 Share Posted September 6, 2019 14 hours ago, Bridge of Djoum said: Utter nonsense. I charge very fair rent with the idea of keeping the same tenant there, making my life easier. I could charge a fair bit more but I’m a fair guy. Perhaps they could save the money I do not choose to charge them and put it towards a deposit. I grew up 6 of us in a one bedroom council house. We had **** all. I managed to buy my 1st place at 19. I’m proud that I’ve worked my arse off to be where I am. No one gave me a thing, it’s all earned. I appreciate there are problems across the board but it’s really not my issue. I’m not part of the problem. Paid every penny of tax, fair and square, served in the military, paying income tax despite not being in the UK for the best part of 7 years. Im the bad guy, though. Hilarious stuff. FWIW I don't think that you (or any of the other posters with 1 small flat they let out) are the bad guys in this, as you say you've paid for these properties and are looking after you/your families best interests. I also don't agree with any policy where you'd have to sell you flat at below market value. However, you talk about buying your first house at 19 years old which only highlights the generational gap when it comes to housing in 2019. No 19 year old today would be able to afford to buy a flat and even those in their 20's and 30's that are stuck renting will most likely never be able to save up enough for a deposit, despite the fact that their mortgage payments would likely be less than their rent. Yes, you've obviously worked hard for what you have, but would that hard work reap the same rewards today- no chance. As I said it's a much wider issue and isn't caused necessarily by guys who rent out one flat, but any BTL only widens the divides between the have's and have not's. Quote Link to comment Share on other sites More sharing options...
Governor Tarkin Posted September 6, 2019 Share Posted September 6, 2019 53 minutes ago, TheOak88 said: This is the same attitude exhibited by celebrities when they use creative accounting so as not to pay proper taxes. Or big multinationals like Starbucks using loop holes to domicile themselves in obscure countries to avoid paying their fair share. It’s not a great outlook to have. It is if it saves you a few shillings. Quote Link to comment Share on other sites More sharing options...
Cade Posted September 6, 2019 Share Posted September 6, 2019 The current state of the housing ladder: Quote Link to comment Share on other sites More sharing options...
Bridge of Djoum Posted September 6, 2019 Share Posted September 6, 2019 1 hour ago, The Fonz said: FWIW I don't think that you (or any of the other posters with 1 small flat they let out) are the bad guys in this, as you say you've paid for these properties and are looking after you/your families best interests. I also don't agree with any policy where you'd have to sell you flat at below market value. However, you talk about buying your first house at 19 years old which only highlights the generational gap when it comes to housing in 2019. No 19 year old today would be able to afford to buy a flat and even those in their 20's and 30's that are stuck renting will most likely never be able to save up enough for a deposit, despite the fact that their mortgage payments would likely be less than their rent. Yes, you've obviously worked hard for what you have, but would that hard work reap the same rewards today- no chance. As I said it's a much wider issue and isn't caused necessarily by guys who rent out one flat, but any BTL only widens the divides between the have's and have not's. I completely agree. They were different times, it’s almost impossible for someone earning even the national average to afford a place by their 30th birthday. I live in the States now and I have to think of college for my 2 daughters, albeit some time away as the eldest is 5, and on top of that there’s health insurance. Our 1st priorities is our families well being, to make their lives better than ours, or at least give them the best start possible. My hard work in the past and now ensures they don’t have to live like I did growing up. I won’t apologize for that. I genuinely empathize with those unable to buy homes at affordable prices, in good areas. It’s incredibly difficult. Quote Link to comment Share on other sites More sharing options...
Captain Sausage Posted September 6, 2019 Share Posted September 6, 2019 10 hours ago, Tynieman said: Here's a thought, and it's only a thought, if you're being so fair - why don't you build into the rent, a clause that the renters are buying a % of the property with the money they give you as rent payments? This way, they are buying into something which allows them to start of property ladder, which makes sense considering they are in reality, simply paying for you to own the property ouright as it stands. Can you honestly say that's correct morally? More often than not (I'm not saying this is the scenario in your example btw, as I don't know, but suspect it will be), rent is dearer than mortgage payments so not only is the landlord (who are more often than not, dispicable in my expexperience), making a profit on a monthly basis, but said landlord still gets 100% if and when they chose to sell. Essentially owning something someone else has paid for. By putting a clause (or making it into law) that allows the tennant to buy into property by paying rent, so that when the landlord comes to sell, the landlord won't gain all the profit for something they've not paid for, but by using somebody else's money (in the sense that the tennant is actually paying the mortgage). Otherwise, it is just greed. So following that logic through... If I pay £1600 a month for my mortgage, but rental income is only £1200, the tenant should be subsidising the extra £400? Or does it not work that way? Quote Link to comment Share on other sites More sharing options...
Del Monty Posted September 6, 2019 Share Posted September 6, 2019 The green eyed monster making a few appearances in this thread... Quote Link to comment Share on other sites More sharing options...
Governor Tarkin Posted September 6, 2019 Share Posted September 6, 2019 6 minutes ago, Del Monty said: The green eyed monster making a few appearances in this thread... Every time there is a thread like this. Quote Link to comment Share on other sites More sharing options...
Stephen Muddie Posted September 6, 2019 Author Share Posted September 6, 2019 (edited) "Buy to let landlords entered this war under the rather childish delusion that they were going to extract rent from everybody else, and nobody was going to extract rent from them. At Birmingham, London, Manchester, and half a hundred other places, they put that rather naive theory into operation. They sowed the wind, and now, they are going to reap the whirlwind." Very strange direction the thread has went in recently. I half expected it on kickback. DEBTGOOD thinking negates REALTHINK. I get it. But listen, if I was the slightest bit JEALOUS of greedy folk who thought they couldn't lose by siding with corrupt bankverment, I'd probably kill myself. Guilt may be an alien emotion to the financially aligned, but I can assure all that it does exist. It'll be replaced by responsibility shirking if/when SHTF but hey. Can't control how irresponsible/sheeplike the others are, now can I? Edited September 6, 2019 by Stephen Muddie Quote Link to comment Share on other sites More sharing options...
Unknown user Posted September 6, 2019 Share Posted September 6, 2019 It's bullshit to throw shit at good guy landlords. No matter what happens there will always be private tenants renting from private landlords, and the more decent ones the better. They're not responsible for the overall situation, the lack of affordable and social housing, they don't set government policy, don't have the power to do anything really. All they can do is try and be decent human beings while making a return on their investment. Quote Link to comment Share on other sites More sharing options...
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